Lee Scott, president and CEO of Wal-Mart Stores Inc., picked up almost $1.5 million when he sold more than 30,000 shares of Wal-Mart shares.

In two separate transactions filed with the U.S. Securities Exchange Commission, Scott sold 31,544 shares of common stock at 47.39 and another 594 shares at the same price to pay taxes on the 31,544 shares sold.

The two transactions left Scott with just under $1.5 million.

Scott took home more than $10 million in salary, bonuses and other compensation from Wal - Mart in 2005, according to the company's 2006 proxy statement filed with the SEC.

Both Wal - Mart stores Inc. and Scott have come under increasing criticism lately from analysts and others for the company's sluggish stock performance, which began a downward slide when Scott took over as president and CEO six years ago.

Wal - Mart's stock has fallen 22 percent since Scott took the reins from David Glass in January 2000, wiping out $90 billion in market capitalization, according to a Fortune.com article published .

Wal - Mart stock (NYSE: WMT) closed at $47.39, up 39 cents. In the past since last year the stock has ranged fom a $52.15 high yo $42.31 low.

And the readers who came to know about this news some are shocked and some are unbelieveable about this news and some were saying "it's Amazing". Any way the sum of total money he received has surprised the people .

Some analysts says that he did a good job by selling the shares and they also say that the shares are reduing their value and now its the right time to sell them off.